Poro Point is reinforcing its role as a strategic fuel logistics hub for Northern Luzon after Chevron, Shell and Petron renewed their leases at the San Fernando International Seaport in La Union.
The lease agreements with Poro Point Management Corp. (PPMC), a subsidiary of the Bases Conversion and Development Authority (BCDA), secure the three petroleum companies’ continued use of their leased facilities and operating presence at the seaport. This provides continuity for their port-based petroleum activities and the movement of fuel through the facility.
For Poro Point, retaining the three locators provides a stable commercial base while supporting the port’s role in the regional distribution of fuel and other essential commodities. Their continued operations also sustain economic activity around the port, including jobs and services connected to logistics and distribution.
The agreements come as reliable transport and port infrastructure remains important to businesses that depend on efficient fuel logistics. Maintaining established petroleum operations at Poro Point allows the port to continue serving as a link between fuel suppliers and markets in Northern Luzon.
The leases also strengthen the port’s commercial foundation. Retaining major industrial locators can help sustain port activity and create a platform for attracting additional logistics, energy and related businesses to Poro Point and the wider La Union economy.
BCDA President and CEO Joshua Bingcang said maintaining a stable and well-managed port environment is essential to sustaining current operations and creating conditions for new investment.
“By reinforcing a transparent and well-managed port environment today, we preserve the vital operational conditions required to drive long-term growth and attract future investments to La Union,” Bingcang said.
The signing was led by PPMC President and CEO Servillano Flores Jr., Chevron Manager for DM&C Field Operations, Lubricants and International Terminals Mario Serranillo, Petron Vice President for Procurement Jacqueline Ang, and Shell Contracts and Maintenance Manager Paulo Ocampo.
BCDA said the continued presence of the three petroleum companies would further establish the San Fernando International Seaport as a logistics hub for Northern Luzon and strengthen Poro Point’s platform for future commercial expansion.
